WSJ.com - Borland Will Buy Segue Software As Part of Refocus

WSJ.com - Borland Will Buy Segue Software As Part of Refocus: "Borland Software Corp. today announced a $100 million deal to buy Segue Software Inc. and a plan to divest Borland's well-known line of programming tools as part of a major restructuring.
The Cupertino, Calif., company intends to narrow its focus to high-end products that help companies plan and manage major software-development projects. That is a specialty of Segue, a Lexington, Mass., company that Borland has agreed to buy for $8.67 a share, a premium of nearly 25% to Segue's 4 p.m. price yesterday.
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Selling the development tools, which include the well-known products Delphi and JBuilder, will create a more-focused independent business, Mr. Nielsen said. Borland doesn't have a buyer lined up, but has retained Bear Stearns Cos. to handle the sale process."

Pretty bold...